ARC Document Solutions (ARC) Set to Announce Earnings on Wednesday

ARC Document Solutions (NYSE:ARCGet Rating) will be posting its quarterly earnings results after the market closes on Wednesday, May 4th. Persons interested in listening to the company’s earnings conference call can do so using this link.

ARC Document Solutions (NYSE:ARCGet Rating) last announced its quarterly earnings data on Wednesday, February 23rd. The business services provider reported $0.06 earnings per share (EPS) for the quarter. ARC Document Solutions had a return on equity of 5.91% and a net margin of 3.36%. The firm had revenue of $69.25 million for the quarter.

NYSE ARC opened at $3.72 on Wednesday. The company has a market cap of $160.73 million, a price-to-earnings ratio of 17.72 and a beta of 1.34. ARC Document Solutions has a 1-year low of $1.95 and a 1-year high of $4.18. The firm has a 50-day moving average of $3.67. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.37 and a current ratio of 1.49.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Friday, April 29th will be paid a $0.05 dividend. The ex-dividend date of this dividend is Thursday, April 28th. This represents a $0.20 dividend on an annualized basis and a yield of 5.38%. ARC Document Solutions’s dividend payout ratio (DPR) is currently 95.24%.

Several hedge funds have recently modified their holdings of the company. Geode Capital Management LLC grew its position in shares of ARC Document Solutions by 5.6% in the 3rd quarter. Geode Capital Management LLC now owns 278,303 shares of the business services provider’s stock worth $820,000 after buying an additional 14,831 shares during the last quarter. Millennium Management LLC lifted its stake in ARC Document Solutions by 31.5% in the fourth quarter. Millennium Management LLC now owns 167,575 shares of the business services provider’s stock worth $587,000 after acquiring an additional 40,138 shares during the period. Goldman Sachs Group Inc. bought a new stake in ARC Document Solutions in the third quarter valued at $42,000. Finally, UBS Group AG purchased a new position in ARC Document Solutions during the 3rd quarter valued at $26,000. Hedge funds and other institutional investors own 48.54% of the company’s stock.

Several research analysts have recently issued reports on ARC shares. StockNews.com initiated coverage on shares of ARC Document Solutions in a report on Thursday, March 31st. They issued a “strong-buy” rating on the stock. National Bank Financial raised their price target on shares of ARC Document Solutions from C$18.50 to C$20.00 in a report on Thursday, January 6th.

About ARC Document Solutions (Get Rating)

ARC Document Solutions, Inc, a digital printing company, provides digital printing and document-related services in the United States. It provides managed print services, that places, manages, and optimizes print and imaging equipment in customers' offices, job sites, and other facilities; and cloud-based document management software and other digital hosting services.

See Also

Earnings History for ARC Document Solutions (NYSE:ARC)

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